KRONES AG (KRN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KRN - DE0006335003 - Common Stock
139.8 EUR
-1.4 (-0.99%)
KRN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 111 industry peers in the Machinery industry. While KRN has a great profitability rating, there are some minor concerns on its financial health. KRN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KRN was profitable.
- In the past year KRN had a positive cash flow from operations.
- Of the past 5 years KRN 4 years were profitable.
- KRN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- KRN has a better Return On Assets (6.01%) than 72.97% of its industry peers.
- KRN has a better Return On Equity (14.28%) than 74.77% of its industry peers.
- With an excellent Return On Invested Capital value of 11.63%, KRN belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
- KRN had an Average Return On Invested Capital over the past 3 years of 10.37%. This is in line with the industry average of 9.21%.
- The 3 year average ROIC (10.37%) for KRN is below the current ROIC(11.63%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.01% | ||
| ROE | 14.28% | ||
| ROIC | 11.63% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 5.24%, KRN is in the better half of the industry, outperforming 60.36% of the companies in the same industry.
- KRN's Profit Margin has improved in the last couple of years.
- KRN's Operating Margin of 7.19% is in line compared to the rest of the industry. KRN outperforms 55.86% of its industry peers.
- KRN's Operating Margin has improved in the last couple of years.
- KRN has a better Gross Margin (53.35%) than 69.37% of its industry peers.
- In the last couple of years the Gross Margin of KRN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.19% | ||
| PM (TTM) | 5.24% | ||
| GM | 53.35% |
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KRN is still creating some value.
- The number of shares outstanding for KRN remains at a similar level compared to 1 year ago.
- The number of shares outstanding for KRN remains at a similar level compared to 5 years ago.
- Compared to 1 year ago, KRN has an improved debt to assets ratio.
2.2 Solvency
- The Debt to FCF ratio of KRN is 0.01, which is an excellent value as it means it would take KRN, only 0.01 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 0.01, KRN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- KRN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
- KRN has a better Debt to Equity ratio (0.00) than 98.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.59
WACC7.33%
2.3 Liquidity
- KRN has a Current Ratio of 1.39. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
- KRN's Current ratio of 1.39 is in line compared to the rest of the industry. KRN outperforms 42.34% of its industry peers.
- KRN has a Quick Ratio of 1.10. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
- With a decent Quick ratio value of 1.10, KRN is doing good in the industry, outperforming 60.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 16.20% over the past year.
- Measured over the past years, KRN shows a very strong growth in Earnings Per Share. The EPS has been growing by 96.42% on average per year.
- KRN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.15%.
- KRN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.98% yearly.
EPS 1Y (TTM)16.2%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%3.37%
Revenue 1Y (TTM)8.15%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%4.72%
3.2 Future
- KRN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.52% yearly.
- KRN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.97% yearly.
EPS Next Y13.97%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
EPS Next 5Y9.52%
Revenue Next Year7.23%
Revenue Next 2Y6.11%
Revenue Next 3Y6.12%
Revenue Next 5Y5.97%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- KRN is valuated correctly with a Price/Earnings ratio of 15.23.
- Based on the Price/Earnings ratio, KRN is valued a bit cheaper than 79.28% of the companies in the same industry.
- KRN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
- KRN is valuated correctly with a Price/Forward Earnings ratio of 12.66.
- Based on the Price/Forward Earnings ratio, KRN is valued a bit cheaper than the industry average as 69.37% of the companies are valued more expensively.
- When comparing the Price/Forward Earnings ratio of KRN to the average of the S&P500 Index (25.83), we can say KRN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 12.66 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KRN is valued a bit cheaper than 70.27% of the companies in the same industry.
- KRN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.53 | ||
| EV/EBITDA | 7.11 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of KRN may justify a higher PE ratio.
- A more expensive valuation may be justified as KRN's earnings are expected to grow with 12.56% in the coming years.
PEG (NY)1.09
PEG (5Y)0.16
EPS Next 2Y12.21%
EPS Next 3Y12.56%
5. Dividend
5.1 Amount
- KRN has a Yearly Dividend Yield of 1.87%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 1.48, KRN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, KRN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- KRN pays out 28.35% of its income as dividend. This is a sustainable payout ratio.
- The dividend of KRN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.35%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
KRONES AG / KRN.DE FAQ
What is the ChartMill fundamental rating of KRONES AG (KRN.DE) stock?
ChartMill assigns a fundamental rating of 6 / 10 to KRN.DE.
What is the valuation status for KRN stock?
ChartMill assigns a valuation rating of 5 / 10 to KRONES AG (KRN.DE). This can be considered as Fairly Valued.
What is the profitability of KRN stock?
KRONES AG (KRN.DE) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for KRN stock?
The Price/Earnings (PE) ratio for KRONES AG (KRN.DE) is 15.23 and the Price/Book (PB) ratio is 2.18.
What is the financial health of KRONES AG (KRN.DE) stock?
The financial health rating of KRONES AG (KRN.DE) is 6 / 10.